Coty (NYSE:COTY) PT Lowered to $14.50 at DA Davidson

Coty (NYSE:COTY) had its price objective cut by DA Davidson from $17.00 to $14.50 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 85.19% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus decreased their price objective on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday. Bank of America decreased their price objective on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Citigroup decreased their price target on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company decreased their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Jefferies Financial Group raised Coty from a “hold” rating to a “buy” rating and increased their price target for the stock from $11.00 to $12.00 in a report on Monday, October 7th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.15.

Coty Stock Performance

Shares of COTY opened at $7.83 on Wednesday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89. Coty has a 52-week low of $7.75 and a 52-week high of $13.30. The stock has a 50 day moving average price of $9.20 and a 200 day moving average price of $10.00. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. Coty’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. Research analysts predict that Coty will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its position in shares of Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after buying an additional 1,104 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Coty by 10.6% during the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after acquiring an additional 1,414 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Coty by 3.1% during the first quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock valued at $789,000 after acquiring an additional 2,012 shares during the last quarter. Swiss National Bank boosted its stake in shares of Coty by 0.3% during the first quarter. Swiss National Bank now owns 792,401 shares of the company’s stock valued at $9,477,000 after acquiring an additional 2,300 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Coty by 2.7% during the first quarter. State of Michigan Retirement System now owns 92,298 shares of the company’s stock valued at $1,104,000 after acquiring an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.